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A n r) <br />M <br />T m CA <br />n n Z v oGO o <br />M tDi+ v <br />O <br />CD p <br />N p C <br />^� O CO <br />3J a O O <br />Cil CO <br />Cn <br />fn f� <br />� 200207569 CCn <br />State of Nebraska - _ Space Above This Line For Recording Data <br />DEED OF TRUST <br />(With Future Advance Clause) <br />Construction Security Agreement <br />L DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Jul 15, 2002 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: RHONDA J LANGER, AN UNMARRIED PERSON <br />1119 S GREENWICH ST <br />GRAND ISLAND, NE 68801 <br />LJ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br />TRUSTEE: <br />Earl D Ahlschwede, Attorney <br />BENEFICIARY: <br />Equitable Federal Savings Bank of Grand Island <br />113 -115 N. Locust Street Grand Island, NE 68801 -6003 <br />Organized and Existing Under the Laws of The State of Nebraska . <br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to <br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument.. Trustor irrevocably <br />grant,, conveys and sells to Trustee, it,. trust for the benefit of Beneficiary, with power of sale.. the following described <br />property: <br />THE SOUTHERLY TWENTY FEET (201) OF LOT FOURTEEN (14) AND THE NORTHERLY FORTY FEET <br />(401) OF LOT THIRTEEN (13), IN CONCANNON SUBDIVISION, AN ADDITION TO THE CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA <br />The property is located in Hall at 1119 S GREENWICH ST <br />- (Counrv) <br />GRAND ISLAND Nebraska 68801 <br />(Address) (( ity) ( /tl' Codc) <br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil acid gas rights, all water and riparian <br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may <br />now, or at any time in the future, be part of the real estate described above (all referred to as "Property "). <br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall <br />not exceed S $27, 071 .00 . This limitation of amount does not include interest and other fees <br />and charges validly made pursuant to this Security Instrument Also, this limitation does not apply to advances made under <br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this <br />Security histrument. <br />4. SECURED DEBT AND FU'T'URE ADVANCES. The term "Secured Debt" is defined as follows: <br />A. Debt incurred under the terms of all promissory note(s).. contract(s), guaranty(s) or other evidence of debt described <br />below and all their extensions, renewals, modifications or substitutions. (When referencing the dehty helinc it is <br />suggested that you include items such as horrowen' namvc, note amounts, interest rules, maturity dates, etc.) <br />A Promissory Note dated 07/15/2002 <br />NEBRASKA -DEED OF TRUST (NOT FOR FNMA. FHIMC. FHA oR vA use (page t of 4) <br />() 1994 Bankers Systems, Inc.. St Onua. AN 11-800 -397 -2341 ) Form RE -0T -NE 10;27,97 <br />•C166(NE) (9808).01 VMP MORTGAGE FORMS - (800)521 -7291 <br />V <br />c7 <br />O <br />